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The housing boom and bust / Thomas Sowell.

By: Sowell, Thomas, 1930-.
Material type: TextTextPublisher: New York : Basic Books, c2009Bibliography: Includes bibliographical references (p. 151-179) and index.Description: vii, 184 p. ; 25 cm.ISBN: 9780465018802; 0465018807.Subject(s): Housing -- Prices -- United States | Secondary mortgage market -- United States | Subprime mortgage loans -- United States | Financial crises -- United StatesDDC classification: 332.7/20973 Online resources: Contributor biographical information | Publisher description Summary: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
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Includes bibliographical references (p. 151-179) and index.

Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.

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